Current:Home > NewsToyota pushes back EV production plans in America -Momentum Wealth Path
Toyota pushes back EV production plans in America
View
Date:2025-04-17 17:36:36
The EV market is in constant flux and Toyota has never been ahead of the game, and it's apparently still struggling to catch up. The automaker has been skeptical about EV adoption, and turned out to be mostly right about its predicted slump in the market, but the world is still moving towards all-electric vehicle adoption and Toyota must still eventually adapt. That adaptation is coming a little slower than planned now, as Toyota's plans for U.S.-built EVs have been pushed back a few months, according to a report from Nikkei.
More EVs:The best electric SUVs of 2024
Toyota reportedly had plans for a three-row all-electric SUV model to be built in Georgetown, Kentucky by the end of 2025, but those intentions have now been pushed back a few months to a planned early 2026 production start. Later in 2026, another new all-electric SUV is scheduled to begin assembly at a factory in Princeton, Indiana. The automaker has invested $2.7 billion in the new Kentucky and Indiana facilities so far. A planned Lexus vehicle to be built in the U.S. by 2030 has reportedly also been scrapped.
According to Nikkei, the delay is due to the company making adjustments to the three-row EV's design in light of slowing EV sales in the U.S. overall.
A North Carolina battery plant is expected to begin operations in 2025 to supply future Toyota EVs, with hopes of moving 1.5 million EVs a year globally by the end of 2026. Toyota hopes to have up to seven all-electric new vehicles on sale in the U.S. market by 2026, though obviously none will be assembled in the U.S. until that year. So far it only offers one Toyota and one Lexus EV in America, the sibling Toyota bZ4X and Lexus RZ 450e SUVs. We anticipate the additional five EVs will be mostly SUV models, especially larger ones, but we do expect an electric Tacoma pickup of some sort to come to the U.S. eventually as well.
Photos by MotorTrend Staff and manufacturer
veryGood! (19)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- After family feud, Myanmar court orders auction of home where Suu Kyi spent 15 years’ house arrest
- Regulators target fees for consumers who are denied a purchase for insufficient funds
- Austrian man who raped his captive daughter over 24 years can be moved to a regular prison
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Why 'I Am Jazz' star Jazz Jennings feels 'happier and healthier' after 70-pound weight loss
- US expresses concerns over Sri Lanka’s controversial internet regulation law
- Jersey Shore town trying not to lose the man vs. nature fight on its eroded beaches
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- France’s constitutional court is ruling on a controversial immigration law. Activists plan protests
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- A pair of UK museums return gold and silver artifacts to Ghana under a long-term loan arrangement
- Cheap Fitness Products That Actually Work (and Reviewers Love Them)
- Twitter reacts to Jim Harbaugh becoming the next head coach of the LA Chargers
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- South Korean police say a lawmaker has been injured in an attack with a rock-like object
- 5 members of Canada's 2018 world junior hockey team to face sexual assault charges, report says
- GOP pressures Biden to release evidence against Maduro ally pardoned as part of prisoner swap
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
What is Jim Harbaugh's NFL record? Everything you need to know about Chargers new coach
Stock market today: Asian shares mostly rise, led by gains in Chinese markets following policy moves
Seattle will pay $10 million to protesters who said police used excessive force during 2020 protests
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
6-legged dog abandoned at grocery successfully undergoes surgery to remove extra limbs
Melanie, singer-songwriter of ‘Brand New Key’ and other ‘70s hits, dies at 76
Chris Evert and Martina Navratilova urge women’s tennis to stay out of Saudi Arabia